Economics

Economics

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A tale of 2 malls: Partridge Creek is in trouble, Village of Rochester Hills isn't. What's the difference?
A tale of 2 malls: Partridge Creek is in trouble, Village of Rochester Hills isn't. What's the difference?
A pair of open-air shopping centers not so far apart are facing different fates. The Mall at Partridge Creek in Clinton Township is looking down the barrel of receivership after its Miami Beach, Fla.-based owners defaulted on a $725 million mortgage, buckling under the weight of massive debt, the…
derek68·crainsdetroit.com·
A tale of 2 malls: Partridge Creek is in trouble, Village of Rochester Hills isn't. What's the difference?
Amid COVID pandemic, country life lures metro Detroit homebuyers
Amid COVID pandemic, country life lures metro Detroit homebuyers
Erika Smith and Bryan Taberski did what any city dweller might do when the coronavirus pandemic closed offices and remote work became the norm.They became examples of the shift in residential real estate as metro Detroiters looking for more space moved to areas with larger lots, bigger houses and a…
derek68·crainsdetroit.com·
Amid COVID pandemic, country life lures metro Detroit homebuyers
Inflation Is Here. What Now?
Inflation Is Here. What Now?
Prices are rising fast, in ways that seem temporary, yet this could change expectations in ways that are self-reinforcing.
derek68·nytimes.com·
Inflation Is Here. What Now?
Where have all the low-wage workers gone?
Where have all the low-wage workers gone?
There’s a good chance that you’ve been to your local grocery store or stopped by your favorite fast food location and noticed signs for hiring bonuses, but why aren't more workers signing up?
derek68·jadrian.substack.com·
Where have all the low-wage workers gone?